Luxembourg's current account shifted to a EUR 956 million in the first quarter of 2020 from a EUR 2111 million deficit in the corresponding period of the previous year, as the primary income gap narrowed sharply to EUR 4519 million from EUR 7796 million. Meanwhile, the goods shortfall widened to EUR 237 million from EUR 179 million a year earlier and the services surplus decreased to EUR 5807 million from EUR 5921 million. Also, the secondary income deficit rose to EUR 95 million from EUR 64 million.
Current Account in Luxembourg averaged 636.47 EUR Million from 1995 until 2020, reaching an all time high of 4540.30 EUR Million in the fourth quarter of 2019 and a record low of -2398 EUR Million in the second quarter of 2018. This page provides the latest reported value for - Luxembourg Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg Current Account - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Banque Centrale du Luxembourg
Current Account in Luxembourg is expected to be -260.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Luxembourg to stand at 1400.00 in 12 months time. In the long-term, the Luxembourg Current Account is projected to trend around 1150.00 EUR Million in 2021, according to our econometric models.